Months ago, Peruvian one sol coins became a boom in the world of collectors, since they were highly sought after for having small printing errors that made them unique. Following that line, in this article we tell you that the cents, which have stopped circulating in the country, reach a quotation of up to 100 soles.
YOU CAN SEE: Why is this 20 cent coin from 1991 selling for more than 1200 soles?
You should know that since October 31, 2018, the 1 and 5 cent coins have been withdrawn from circulation as they have no value on the market. However, they are currently sought after by collectors who are willing to pay a high price to have them in their hands. Find out where you can offer these specimens.
How much does a 5 cent coin cost?
One of the most visited pages by users is Mercado Libre, where the 5 cent coin from 2014 is quoted up to 100 soles.
- 5 cent coin (year 2014): S/100
- 5 cent coin with Chávez's signature (year 1992): S/50
- 5 cent coin (year 2011): S/20
Why did the 1 and 5 cent coins stop circulating in Peru?
This measure by the BCRP is due to the fact that the Peruvian public complained about these types of coins, as they received them as change but were not accepted in establishments. Additionally, they were no longer used in the market.
What is numismatics?
The Central Reserve Bank of Peru (BCRP) defines numismatics as "the study and collection of coins, medals, paper money and tokens. Thus, like other objects and works of art, coins are also collectible objects."